Consumer Durables stocks were trading in green, with the S&P BSE Consumer Durables index increasing 418.74 points or 1.28% at 33254.05 at 09:48 IST. Among the components of the S&P BSE Consumer Durables index, Orient Electric Ltd (up 2.51%), Voltas Ltd (up 2.15%),Dixon Technologies (India) Ltd (up 2.03%),Bajaj Electricals Ltd (up 1.66%),Rajesh Exports Ltd (up 1.35%), were the top gainers. Among the other gainers were Blue Star Ltd (up 1.33%), Titan Company Ltd (up 1.12%), Crompton Greaves Consumer Electrical Ltd (up 1.06%), Whirlpool of India Ltd (up 0.49%), and TTK Prestige Ltd (up 0.14%). On the other hand, V I P Industries Ltd (down 0.69%), turned lower.
At 09:48 IST, the S&P BSE Sensex was up 349.77 or 0.69% at 51375.25.
Electric Fan Market by Product and Geography - Forecast and Analysis 2020-2024
Electric Fans Market: Product Landscape
Based on the product, the market generated maximum revenue in the ceiling fans segment in 2019. Factors such as the increasing use of ceiling fans as a decorative appliance, growing demand for luxury ceiling fan products, and rising number of product innovations are fueling the growth of the segment. The market growth in this segment will be significant over the forecast period.
Electric Fans Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 41% of the market s overall growth is expected to originate from APAC. Factors such as an increasing number of government initiatives for the housing sector, cost-effective supply chain of electric fans, increasing demand for luxury fans, and rising number of product innovations will be crucial in driving the growth of the electric fan market in APAC during
Read more about Consumer Durables shares rise on Business Standard. Consumer Durables stocks were trading in the positive zone, with the S&P BSE Consumer Durables index rising 339.72 points or 1.04% at 33067.02 at 09:48 IST.
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Nifty futures on the Singapore Exchange traded 209.50 points, or 1.37 per cent, lower at 15,085.50 in signs that Dalal Street was headed for a gap-down start on Thursday. Here are a few stocks which may buzz the most in today s tarde:
Adani Ports: The country s largest ports and logistics company APSEZ on Wednesday said it is acquiring Windy Lakeside Investment s 31.5 per cent stake in Gangavaram Port Ltd for Rs 1,954 crore.
IOC:
Indian Oil Corporation (IOC) plans to monetise its hydrogen-producing facilities to raise about Rs 10,000 crore, according to people familiar with the matter.
Bajaj Electricals, Mahindra Logistics: The two companies signed a logistics optimisation and outsourcing contract worth over Rs 1,000 crore for the next five years. As per the agreement, Bajaj Electricals Ltd (BEL) will outsource its entire logistics to Mahindra Logistics Ltd (MLL), which will also provide a complete end-to-end redesign.
Bajaj Electricals, Mahindra Logistics sign Rs 1,000 crore project for integrated logistics services ANI | Updated: Mar 03, 2021 18:00 IST
The deal is an end-to-end redesign and outsourcing of BEL s entire logistics by MLL with the twin objectives of achieving enhanced service levels coupled with a logistics cost saving in excess of 25 per cent. The total contract value of this one-of-its-kind deal in Indian logistics industry will be in excess of Rs 1,000 crore over the next five years, and is the outcome of a unique and collaborative solution, both companies said in a statement.
MLL has developed for BEL a redesigned and consolidated logistics network with storage optimisation, transportation management and inventory movement through technology, best practices and automation.